Dragon-ukrainian Propert... Share Discussion Threads

[lopsidedgit1] 12/12/2012 15:46

Lars Ernest Bader knows an opportunity. Net asset value is 120p. No debt. Bargain!!! Buy at 24p

[hezza123] 11/12/2012 09:07

Lars takes another 1m shares at over 80% discount to NAV. Now holds 11.69%.

[hezza123] 01/12/2012 01:29

Volumes have certainly increased this week, which makes a welcome change. A real slow-burner but surely a big enough margin of safety at current levels. We sit and wait!

[hezza123] 08/10/2012 11:47

Looks like Lars Ernest Bader has been buying again, upping his stake from 9.93% to 10.68%.

[hezza123] 04/10/2012 14:26

Panmure released a research note on DUPD following the results:

"Dragon Ukraine's interim results demonstrate a broadly flat NAV performance over the past six months, with the stock trading on a current 77% NAV discount. Cash balances remain healthy and projects continue to progress. We would expect the NAV discount to narrow significantly as projects continue to be delivered."

Price target under review.

[scburbs] 20/9/2012 21:44

Amateur hour stuff, but no impact on the real estate value as rjmahan says. They have been paying premium rather than amateur advisory fees though so shareholders should expect better than this shambles!

[pejaten] 20/9/2012 17:50

Well that runs is amazing. Never seen that before,

[hezza123] 19/9/2012 20:55

Hi rjmahan. Yes, fingers crossed. :-)

[rjmahan] 19/9/2012 19:39

Hezza I was the person who bought 22400 ten seconds before the suspension.

Oh well could be good news. Did the work, accounts looked sound enough so can't really see what could go wrong.

[hezza123] 19/9/2012 16:36

If it does turn out to be bad news, I feel even sorrier for the person who bought the block of 22,400 ten seconds before the suspension occurred...

Edited to add: The spate of director buys in May/June settles me a little, but you just never know.

[greedfear] 19/9/2012 14:44

It's exciting but could do without though. Hope it's good news, take over or something like that. Doubt it somehow. Tried to contact someone from the company. Guess what? In a meeting! Fingers crossed!

(To be frank I don't like all the sells @29p last week)

[hezza123] 19/9/2012 14:08

Suspended, pending an announcement. Squeaky-bum time...

[pejaten] 19/9/2012 14:07

Suspended. I guess they cannot publish their result
S on time?

[praipus] 14/9/2012 12:14

Ah ok thanks Hezza123, I like Ben Graham I've read "Intelligent Investor" and intend to read "Security Analysis" one day:-)

[hezza123] 14/9/2012 11:57

Hi Praipus. NCAV is, I believe, a Ben Graham-coined acronym for Net Cash Asset Value. Simply the result of deducting total liabilities from net current assets and dividing by total shares in issue. I don't buy every stock that passes the test, but it's a good starting point for further digging. Best performer for me this year has been PVCS, which still appears to have further upside, however I've since moved the funds elsewhere in search for larger safety margins.

I know nothing about the Ukranian, but I suspect/hope that the money's there for a very good reason!

hoveite: Noted. They're certainly confusing! The involvement of activist investors certainly trigger further investment ideas, but I'm more concerned with the deep value aspect. Things like director/activist buying simply provides a bit of reassurance I suppose!

[praipus] 14/9/2012 11:53

Thanks hoveite, I'm rushing and the cost is poor attention to the detail you are of course right and it even mentions the tender and original transaction date on the RNS!...

Apologies to any who feel wrong footed as a result.

[hoveite] 14/9/2012 11:13

Lars Ernst Bader hasn't increased his holding. The number of shares he owns has remained the same. This seems to relate to the percentage of DUPD shares he owns increasing due to the tender offer last year (check the transaction date on the RNS.)

The format of these notification of interest announcements sometimes seems designed to confuse!

[praipus] 14/9/2012 10:57

Hello again Hezza123, pardon my ignorance and lazyness what is NCAV?

Do you have any particular knowledge of the Ukrain?

[hezza123] 14/9/2012 00:04

Anybody else on board here? Had a little nibble yesterday following the recent director and activist buys and, of course, the huge NAV discount. I don't normally deal in property funds; tending only to buy stocks trading below, or near NCAV but have felt the need to diversify a little...

[greedfear] 22/6/2012 16:21

Well not much happening here.
One shareholder giving the shares away to our largest shareholder.
I've added some yesterday, but haven't got any more money left.

All foreign real estate companies are quoting 70-90% discount on NAV (ECDC, PSPI and PLAZ for instance). It's hard to choose.

It's a crazy world. Risk aversion has reached laughable levels.

The brave will earn a lot of money. I just hope my real estate funds will go crazy one at a time. Knowing my luck they'll probbably take off in unity lol!

[norbert colon] 24/2/2012 10:22

Does anyone have any specific information of note in respect to the movement in major Shareholders of DUPD?

Many thanks

Nobby